Multifamily Income
For Sale
$1,870,000
6-9-1302 Sunset Point Rd, Clearwater, FL 33755
Investment multifamily package with nine always-occupied units and month-to-month tenant arrangements.
Property Size5,567 SF
Price / SF$335.91
Days on Market376
Property Features for 6-9-1302 Sunset Point Rd
General Information
Standard status
Active
Size
5,567 SF
Additional Details
Business Included
Yes
Multifamily Units
9
Building Details
Tenancy
Multi
Listing Agency:
Big Bend Home & Land LLC
(352) 584-2020
Listed By:
Nancy Zubler Turner · License #3440426
(352) 584-2020
Source:
Exprealty
Added: Jul 28, 2025
Changed: Jul 10
Last Checked: Jul 31 at 6:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Big Bend Home & Land LLC
Investment Insights
Based on property information with market context.
This offering includes 9 income-producing residential units located at 1302–1318 Sunset Point Rd. The property is described as consistently occupied, with tenants paying month-to-month. For additional information, the listing agent can provide details on individual units tied to the provided tax ID numbers.
The assets are identified under multiple tax IDs: 03-29-15-49986-000-0090, 03-29-15-49986-000-0080, 03-29-15-49986-000-0070, and 03-29-15-49986-000-0060. The listing is positioned as part of a desirable area of Clearwater, Florida.
From an ownership perspective, this is a straightforward residential income structure with all units reported as continuously occupied and tenants on month-to-month terms. Buyers interested in acquiring a small multifamily portfolio with existing tenancy can request unit-by-unit information directly from the listing agent.
The assets are identified under multiple tax IDs: 03-29-15-49986-000-0090, 03-29-15-49986-000-0080, 03-29-15-49986-000-0070, and 03-29-15-49986-000-0060. The listing is positioned as part of a desirable area of Clearwater, Florida.
From an ownership perspective, this is a straightforward residential income structure with all units reported as continuously occupied and tenants on month-to-month terms. Buyers interested in acquiring a small multifamily portfolio with existing tenancy can request unit-by-unit information directly from the listing agent.
Key Highlights
- Investment multifamily package with 9 income‑producing units (1302–1318 Sunset Pt Rd.)
- All 9 units are always occupied with tenants paying month‑to‑month
- Tenants remain in place with month‑to‑month arrangements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,708
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,374,160
$1.4M
Cap Rate 7%
$981,543
$981.5K
Cap Rate 9%
$763,422
$763.4K
Market Conditions
NOI Build-Up for 5,567 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$133.6K $24.00/SF
− Vacancy
−$8.7K −$1.56/SF
EGI
$124.9K $22.44/SF
− OpEx
−$56.2K −$10.10/SF
NOI
$68.7K $12.34/SF
Area
Clearwater, FL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,374,160
Cap Rate 7%
$981,543
Cap Rate 9%
$763,422
Alternative Uses
Best Use
Apartment 5plus
$981.5K
$858.9K – $1.15M
NOI $68,708 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,331 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 33755, FL
28,360
Population
11,872
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$59,613
Median Household Income
$36,206
Median Earnings
$1,340
Median Rent
$300,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Investment multifamily package with nine always-occupied units and month-to-month tenant arrangements.
Where is this apartment building located?
The property is located at 6-9-1302 Sunset Point Rd Clearwater, FL.
What is the asking price?
The asking price for this property is $1,870,000.
What are key features of this property?
This property features: Investment multifamily package with 9 income‑producing units (1302–1318 Sunset Pt Rd.); All 9 units are always occupied with tenants paying month‑to‑month; Tenants remain in place with month‑to‑month arrangements
